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 DJIA 12,524.2 +20.3 / S&P 500 1,390.8 +5.1 / NASDAQ 2,508.3 +16.7
 |  |  Tonight: Storms continue, some severe. Low 68. Tomorrow: Rain and storms, muggy. High 84.
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|  Tuesday, June 3, 2008 |
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Council backs changing Indy airport name
The Indianapolis City-County Council has voted to recommend that the name of an aviation hero be returned to Indianapolis International Airport. The council voted 25-3 yesterday to approve the nonbinding resolution asking the city's airport board to add Col. Harvey Weir Cook to the airport's official name. Cook was an aviator in both world wars whose name was dropped from the airport in 1976. He was killed in a plane crash at an air base in New Caledonia in 1943. 
Pricey appliances, electronics fuel Gregg profit
HHGregg Inc. said today that a 24-percent increase in net profit in its fiscal fourth quarter was driven by rising sales of big flat-screen televisions, high-end washing machines and refrigerators, and notebook computers. The Indianapolis-based appliance and electronics retailer reported a $10.3 million profit in the quarter ended March 31 on sales of $324.2 million. The sales figure was 14.4 percent higher than a year ago.
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|  | What slowdown? Public sector keeps hiring
The sluggish economy has prompted businesses to pull back on hiring, but units of local government keep adding workers as if nothing has changed. In the Indianapolis area in April, local governments employed 2,200 more workers than the same month last year, according to the Indiana Department of Workforce Development. People moving to the region are fueling much of the growth in hiring by schools, city- and county-owned hospitals, police, fire and other units of government.
Bloomington coupon company acquired
A private equity firm has bought the coupon redemption operations of Bloomington-based International Outsourcing Services for undisclosed terms. Los Angeles-based Marlin Equity Partners announced today it has formed a company, ProLogic Redemption Solutions, that will help retailers recover the value of coupons used in stores. Until International Outsourcing was indicted by a federal grand jury in March 2007, it was the nation's largest processor of coupons for retailers. In addition to processing coupons for 40,000 retailers, the company provides outsourced manufacturing, packaging, logistics and data services.
GM might dump gas-guzzling Hummer
General Motors Corp. is looking at its iconic Hummer brand with an eye toward a possible sale or revamp, CEO Rick Wagoner said today before the automaker's annual meeting in Delaware. Wagoner said GM is "undertaking a strategic review of the Hummer brand, to determine its fit with GM's evolving product portfolio" in light of changing market conditions. Hummers are assembled at a plant in the northern Indiana town of Mishawaka.
Report: High school students need money skills
Six in 10 Hoosier high school students failed a national survey on good financial habits, which isn't surprising if their parents are also struggling with money management, according to a new report from the Indiana Youth Institute. The report found that about 60 percent of high school students say they learn to manage finances at home. Bill Stanczykiewicz, president of the Indiana Youth Institute, noted that Indiana ranks fourth in bankruptcies and that its mortgage foreclosure rate jumped nearly 38 percent from 2002 to 2006.
New airport terminal showcases latest security
Nine bulky luggage scanners worth $1 million each wait silently beneath the new terminal, poised to check for explosives at a combined rate of 3,600 bags an hour. Concrete bollards guard the terminal's main doors. Blast-resistant glass fills the front windows of the $1.1 billion structure at Indianapolis International Airport, which will open this fall. New and renovated airports have poured millions of dollars into safety upgrades since the Sept. 11 terrorist attacks, working advice from explosives experts into design plans that encompass everything from the most secure place for parking garages to more efficient security checkpoints.
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IBJ Movie Night: Get Smart
Join IBJ to screen the new comedy "Get Smart." Lou Harry's A&E
Return Weir Cook to airport title?
Do you like adding Weir Cook's name to the airport? NewsTalk
Fun with abatements
More companies are lining up for incentives. Property Lines
Fisher races to get back on track
Sarah Fisher hopes for two more IRL races this season. The Score
From IBJ staff - Compiled by Norm Heikens |  | |
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Fire consumes Anderson factory
A massive fire that started late last night in Anderson engulfed a building that once housed National Tile. The 15-acre complex is at 26th and Pitt streets on the city's east side. The building now houses a plastic recycling center, which made the smoke potentially dangerous and caused dozens of people to be evacuated. The fire is under control; however, hot spots could continue for several days, hampering investigations. Fox 59 News will have the latest at 10 p.m.
Colts give to east side tornado victims
Former Colts' star Bill Brooks was at John Marshall Middle School this morning to present a check for $25,000 dollars to help victims of the weekend's tornadoes. The former wide receiver says he hopes the donation will encourage others to give. Colts cheerleaders and the mascot "Blue" also were on hand at the school, 10101 E. 38th St., to greet students as they arrived for class.
Woman charged with sex crimes
A staff member at an independent living facility in New Castle has been accused of engaging in sexual behavior with a teenage boy. Elizabeth C. Agee, 23, of New Castle, is charged with three counts of child seduction - all Class D felonies carrying standard 18-month jail terms. Authorities allege Agee was a care worker at the facility when she had a sexual relationship with a 17-year-old resident between Dec. 15 and March 9.
New role for IEDC: matchmaker
The Indiana Economic Development Corp. want to link life science startups with vendors, suppliers and investors.
Agency pulls off an upset
Williams Randall Marketing Communications pushed aside bigger competitors to snag the $2.5 million state tourism advertising account.
IU, Bloomington tech tactics differ
Indiana University and the city of Bloomington disagree over where to commercialize the university's discoveries.
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